Do you have unfiled S corp returns? Call 866-8000-TAX or visit https://choicetaxrelief.com/free-cons... to book your FREE tax relief consultation!

Many business owners and self-employed individuals set up an LLC or a corporation and elect for that entity to be taxed as an S corporation using Form 2553. While the intentions may have been good — after all, an S corporation can save you on self-employment taxes — we often see that budding entrepreneurs fail to keep up with their S corporations' annual tax return filing requirements (Form 1120S at the federal level), and they end up with several years of unfiled S corporation taxes. So here's what you need to know about S corp late filing penalties as well as what you should consider if you have years of unfiled or late S corp returns.

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